Palm View, Windmill Way, Bonne Terre, Gros Islet, St Lucia
$450,000.00
Property Type: Flexible Rental and Living
Property Size: 4960 Sq. Ft.
Land Area: 12506 Sq. Ft.
Palm View, Windmill Way, Bonne Terre, Gros Islet, St Lucia
Another beautiful Luxury Property listed for sale by Sandcastle Caribbean Real Esate
Palm View is certainly an ideal investment property with a low asking price and remarkable potential to improve on the existing rental income.
The property os not just about rental income. With three vehicular access gates one can always retain privacy. The gardens are an oasis of fruit trees and a very relaxing place to just sit and enjoy.
This beautifully maintained property in the sought-after Bonne Terre neighborhood of Gros Islet offers an exceptional opportunity for both residential living and income potential.
Main Residence Features
The spacious main residence boasts an open-concept kitchen, living and dining area designed for comfortable family living and entertaining. Three well-appointed bedrooms, including a private master suite, provide ample space for family or guests. A full bathroom, welcoming entrance foyer, and generous storage throughout complement the living spaces. Residents can also enjoy a private balcony, perfect for morning coffee or evening relaxation.
Income Potential
The property includes two fully equipped one-bedroom apartments that offer substantial income.. Each apartment features well-appointed kitchens, private entrance balconies, and separate living spaces, creating comfortable and desirable rental units. These apartments have a consistent rental income history, making this property an attractive investment opportunity.
Additional Development Opportunity
A partially completed two-story structure on the property presents exciting possibilities for expansion. The upper floor already has basic living space in place, while the ground floor is designed as open-plan storage. This structure is perfect for conversion to a third rental unit or guest accommodation, further enhancing the property's value and income potential. If fully realised this property could have 4 one bedroom apartments available for rent or a combination of two one bed and one two bed duplex that could be rented as well the main house. The seperate entrances, both pedestrian and vehicular allow for even greater flexibility and privacy.
Built with solid reinforced concrete construction, the home showcases high-quality finishes throughout. The attractive exposed rafter ceiling with varnished timber boarding adds character and charm to the interior spaces. Beautiful ceramic tile flooring extends throughout the property, while aluminum sliding windows provide abundant natural light.
Desirable Location
Rodney Bay itself is within easy walking distance and thus beaches are easily accessible. The main stream shopping and restaurants in Rodney Bay are accessible by foot or car with Rodney Bay Marina with it's waterfront dining and drinking establishments is a little further and a vehicle is recommended..
Situated in an architecturally distinguished residential area, this property benefits from consistently appreciating land values over the past decade. Residents enjoy easy access to northern Saint Lucia's premier amenities including shopping malls and retail centers, IGY marina facilities, beautiful beaches, banking services, healthcare clinics, fine dining restaurants, and luxury hotels and resorts.
This property represents an exceptional investment opportunity with its combination of comfortable family living space and income-generating potential. The continued development of the north island area ensures strong future appreciation in this highly desirable location.